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Deposit Rates


Explore current rates on personal and business savings and checking solutions

Enjoy competitive rates on CDs, IRAs, Savings, Checking and more.
Our competitive rates are structured to help you get more out of your money when you open one of our multiple savings accounts. 

Rates shown are effective as of 12/9/2019

Certificate of Deposit Interest Rate Annual Percentage Yield (APY) Minimum to Earn Annual Percentage Yield (APY) Minimum To Open
6 Month CD 1.69% 1.70% $500.00 $500.00
9 Month CD 0.50% 0.50% $500.00 $500.00
12 Month CD 0.55% 0.55% $500.00 $500.00
18 Month CD 0.55% 0.55% $500.00 $500.00
24 Month CD 0.80% 0.80% $500.00 $500.00
24 Month Option CD 0.65% 0.65% $500.00 $500.00
36 Month CD 1.39% 1.40% $500.00 $500.00
48 Month CD 1.10% 1.11% $500.00 $500.00
60 Month CD 1.30% 1.31% $500.00 $500.00
Current CD Special
11 Month CD Special 1.64% 1.65% $500.00 $500.00
1 The advertised Annual Percentage Yield (APY) is subject to change, and assumes principal and interest remain on deposit until maturity. The minimum balance to open the CD and obtain that APY is $500.00. A penalty may be imposed for withdrawals before maturity. Terms and conditions apply - see account disclosure for details. Commercial and Municipal accounts excluded from this offer. Offer is subject to change without notice and may be withdrawn at any time. See us for further details.

Rates shown are effective as of 12/9/2019

Individual Retirement Term Interest Rate Annual Percentage Yield (APY) Minimum to Earn Annual Percentage Yield (APY) Minimum To Open
12 Month IRA CD 0.55% 0.55% $500.00 $500.00
18 Month IRA CD 0.55% 0.55% $500.00 $500.00
24 Month IRA CD 0.80% 0.80% $500.00 $500.00
24 Month Option IRA CD 0.65% 0.65% $500.00 $500.00
36 Month IRA CD 1.39% 1.40% $500.00 $500.00
48 Month IRA CD 1.10% 1.11% $500.00 $500.00
60 Month IRA CD 1.30% 1.31% $500.00 $500.00
Variable Rate IRA 0.20% 0.20% $5.00 $100.00
Current CD Special
11 Month CD Special 1.64% 1.65% $500.00
1 The APY assumes that principal and interest remain on deposit until maturity. Early withdrawal penalties may be imposed for withdrawals before maturity. The minimum balance to open the IRA CD obtain that APY is $500.00. The special rates are available exclusively at a United Bank branch. Commercial and Municipal accounts excluded from this offer. Offer is subject to change without notice and may be withdrawn at any time. See us for further details.

Rates shown are effective as of 12/9/2019

Product Minimum to Earn Annual Percentage Yield (APY) Interest Rate Annual Percentage Yield (APY) Minimum To Open
Consumer Deposit Accounts
Premier Checking $1.00 - $999.99 0.00% 0.00% $1,000.00
$1,000.00 - $9,999.99 0.05% 0.05% $1,000.00
$10,000 - $49,999.99 0.10% 0.10% $1,000.00
$50,000.00 - $99,999.99 0.15% 0.15% $1,000.00
$100,000 - $199,999.99 0.20% 0.20% $1,000.00
$200,000.00+ 0.25% 0.25% $1,000.00
Benefits Checking $1 - $499.99 0.03% 0.03% $50.00
$500+ 0.05% 0.05% $50.00
Generations Checking $500 0.08% 0.08% $50.00
Prime Money Market $1 - $999.99 0.03% 0.03% $100.00
$1,000 - $9,999.99 0.05% 0.05% $100.00
$10,000 - $24,999.99 0.10% 0.10% $100.00
$25,000 - $49,999.99 0.15% 0.15% $100.00
$50,000 - $99,999.99 0.20% 0.20% $100.00
$100,000 - $249,999.99 0.25% 0.25% $100.00
$250,000+ 0.35% 0.35% $100.00
Premier Savings $1 - $4,999.99 0.05% 0.05% $10.00
$5,000 - $19,999.99 0.06% 0.06% $10.00
$20,000+ 0.07% 0.07% $10.00
Benefits Savings $1 - $999.99 0.05% 0.05% $10.00
$1,000 + 0.06% 0.06% $10.00
Simpl•e Savings $1 0.05% 0.05% $10.00
Target Savings $1 0.05% 0.05% $10.00
Health Savings Account (HSA) $1 - $999.99 0.25% 0.25% $100.00
$1,000 - $2,499.99 0.49% 0.49% $100.00
$2,500 - $24,999.99 1.00% 1.01% $100.00
$25,000 + 1.50% 1.51% $100.00
Business Deposit Accounts
Premier Business Checking $0 - $999.99 0.00% 0.00% $1.00
$1,000 - $9,999.99 0.00% 0.00% $1.00
$10,000 - $49,999.99 0.00% 0.00% $1.00
$50,000 - $99,999.99 0.05% 0.05% $1.00
$100,000 - $199,999.99 0.10% 0.10% $1.00
$200,000 + 0.15% 0.15% $1.00
Prime Business Money Market $1 - $24,999.99 0.05% 0.05% $100.00
$25,000 - $49,999.99 0.10% 0.10% $100.00
$50,000 - $99,999.99 0.15% 0.15% $100.00
$100,000 - $249,999.99 0.20% 0.20% $100.00
$250,000 - $499,999.99 0.30% 0.30% $100.00
$500,000 - $999,999.99 0.45% 0.45% $100.00
$1,000,000+ 0.50% 0.50% $100.00
Business Savings $1 - $999.99 0.02% 0.02% $100.00
$1,000 + 0.05% 0.05% $100.00
Commercial Deposit Accounts
Commercial Account Earnings Credit Rate N/A 0.25% 0.25% N/A
Commercial Money Market $0 - $999.99 0.00% 0.00% $100.00
$1,000 - $24,999.99 0.05% 0.05% $100.00
$25,000 - $49,999.99 0.10% 0.10% $100.00
$50,000 - $99,999.99 0.15% 0.15% $100.00
$100,000 - $249,999.99 0.20% 0.20% $100.00
$250,000 - $499,999.99 0.30% 0.30% $100.00
$500,000 - $999,999.99 0.45% 0.45% $100.00
$1,000,000+ 0.50% 0.50% $100.00
IOLTA - CT $1.00 0.25% 0.25% $50.00
IOLTA - MA $1 - $49,999.99 0.05% 0.05% $50.00
$50,000 - $499,999.99 0.15% 0.15% $50.00
$500,000 - $999,999.99 0.55% 0.55% $50.00
$1,000,000+ 0.55% 0.55% $50.00
IORETA - CT $1.00 0.40% 0.40% $50.00
Current Deposit Specials
Prime Money Market Special (In-Branch Only)! $0.00 - $24,999.99 0.30% 0.30% $25,000.00
$25,000.00 - $49,999.99 1.49% 1.50% $25,000.00
$50,000.00 - $99,999.99 1.49% 1.50% $25,000.00
$100,000.00 - $249,999.99 1.49% 1.50% $25,000.00
$250,000.00 - $500,000.00 1.49% 1.50% $25,000.00
$500,000.01+ 1.49% 1.50% $25,000.00
Advantage Money Market Special (Online Only)& $1 Call Us For Current Rates $500.00
! This offer is available for new accounts opened with a minimum opening deposit of at least $25,000. Must be opened with funds not currently held at People’s United Bank or its subsidiaries within the last 90 days. Transfers from existing People’s United Bank accounts do not qualify. Available to customers who have or open a new checking relationship with People’s United Bank. Limit of one Prime Money Market promotional pricing code account per household. Only available at select Massachusetts branch locations, see banker for availability. We reserve the right to convert the account to a Statement Savings account without prior notice if the required checking account is closed. Offer is subject to change without notice and may be withdrawn at any time. We may change the Interest Rate on your account at any time at our discretion. Fees may reduce earnings. Other restrictions may apply.

& Personal accounts only. Beneficiaries are acceptable but they cannot be trust accounts. The advertised Annual Percentage Yield (APY) is effective as of 8/6/2018 and subject to change thereafter. The advertised rates are available exclusively online only. Transfers from existing United Bank accounts do not qualify. Limit one promotional rate account per customer. The minimum to open the Advantage Money Market is $500.00. Fees may reduce earnings. Offer is subject to change without notice and may be withdrawn at any time. Message and data rates may apply. Contact us for further details. Limit one promotional rate account per customer. The promotional rate and tiers will be in effect for 180 days from the date the account is opened after which the standard rates and tiers that apply to the Advantage Money Market will be the rates and tiers in effect. Please refer to your statement, online banking or call us for the standard rates and tiers on our Advantage Money Market account. The variable interest rate that would have been in effect (but for the introductory rate) is currently the same as the promotional rate. This rate is not tied to an index or formula and is determined solely at our discretion and may go down after the introductory promotional period ends.

 

CD and IRA CD Rates: Withdrawals made before maturity date may be subject to either Regulatory or Bank Imposed penalties. Regulatory Penalty: Regulation D penalty is 7 days’ simple interest on the amount withdrawn and applies to: 1) Withdrawals made within 7 days of opening a time account including the opening day. 2) Withdrawals made within 7 days of any deposits or withdrawals to or from your account, including the transaction day. 3) Withdrawals made within the grace period, when additional deposits are made during the grace period and the withdrawal exceeds the amount of matured CD or IRA CD. Bank Imposed Penalty: Withdrawals made other than those described under Regulation D penalty are subject to the early withdrawal fee below: 1) If your account has an original maturity of one year or less, the fee we may impose will equal 90 days interest on the amount withdrawn. 2) If your account has an original maturity of more than one year, the fee we may impose will equal 180 days interest on the amount withdrawn. The APY assumes that the interest remains on deposit until maturity. Interest Rates and APYs for CDs and IRA CDs are fixed for the term of the account. Fees – including early withdrawal penalties - may reduce earnings. Please review your Deposit Account Agreement and Schedule of Fees.

IRA Savings, Savings, Checking, and HSA Account Rates: Rates are variable and subject to change without notice. Fees may reduce earnings. Please review your Deposit Account Agreement and Schedule of Fees.

Tiered-Rate Accounts: Interest is paid on the entire balance within each tier. Fees may reduce earnings. Please review your Deposit Account Agreement and Schedule of Fees.